1-bedroom flat · CV31 1HQ
Let agreedListed 2762 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***NEWLY REFURBISHED***This light and airy newly refurbished studio ground floor, furnished flat with off-road parking, is located within easy walking distance of the railway station and town centre.
The property benefits from having been newly refurbished and freshly decorated throughout, including a new kitchen new flooring and additional storage.
The flat has electric heating, double-glazing throughout, blinds to windows as shown, and comprises: Communal entrance door leading to communal hallway and front entrance door into: Light and airy living room with kitchen and bedroom area off Kitchen area having modern fitted units and appliances including electric cooker, fridge with freezer and washing machine Double bedroom open plan area to the rear of the property Modern bathroom with over bath shower having an electric shower, washbasin and WC In addition, there is off-road parking available Rent £1000 per calendar month Holding Deposit £230 Tenancy Deposit £1153 Council Tax A First calendar month's rent plus tenancy deposit payable to The Agent (The Letting People), subsequent months' rent to be paid by standing order to the Agent.
Please note that the tenancy deposit will be held in a Government-accredited Tenancy Deposit Protection Scheme until the tenant vacates the property.
Whilst we endeavour to make our Property Descriptions accurate and reliable, they should not be relied on as statements or representations of fact and do not constitute any part of an offer or contract.
We would strongly recommend that all the information which we provide about the property is verified by yourself on inspection.
The Agent has not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order.
*A copy of the Energy Performance Certificate may be viewed, on request, at our offices.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Forfield Place, Leamington Spa, Warwickshire, CV31
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